The Real Deal New York

RFR inks ex-Barclays boss’ firm at Seagram Building

Atlas Merchant Capital relocating to 375 Park Avenue

August 13, 2014 01:40PM

  • Print
rfr

375 Park Avenue, Aby Rosen and Steve Morrows

RFR Realty signed investment firm Atlas Merchant Capital to roughly 17,500 square feet at the Seagram Building.

Atlas Merchant Capital, co-founded by former Barclays CEO Bob Diamond, plans to move to 375 Park Avenue from 135 57th Street. In a five-year lease, the firm will grab the entire 21st floor of the 38-story office building between 52nd and 53rd streets.

Steve Morrows, director of leasing and executive vice president at RFR, represented the landlord in-house. The tenant’s broker was undisclosed. Asking rents range from $160 to $170 per square foot.

Aby Rosen and Michael Fuchs’ RFR took full ownership of the Seagram Building last year, as previously reported. In 2000, RFR and its partners paid $375 million to acquire the Ludwig Mies van der Rohe-designed building at auction. In 2011, RFR reached an agreement with 39 percent stakeholder Peter Brant to purchase his share, financing the deal through a $160 million loan from the Blackstone Group and others. [Crain's] and [NYO]Mark Maurer

MENU

Subscribe to our email newsletters

New York Real Estate News
South Florida Real Estate News